Foreclosures, Delinquencies Down in January

YOUNGSTOWN, Ohio – The rate of mortgage foreclosures in the Youngstown-Warren-Boardman area declined slightly in January compared to January 2015, reports CoreLogic, a financial analytics company based in California.

The January foreclosure rate was 1.90%, a decrease of 0.11 percentage points from January 2015 when the rate was 2.01%. Even so, foreclosure activity remains higher than the national foreclosure rate, 1.15% for January 2016.

The mortgage delinquency rate also decreased in January across the metro area. According to CoreLogic data, 5.14% of mortgage loans were 90 days or more delinquent compared with 6.09% for the same period last year, representing a decrease of 0.95 percentage points.

The national mortgage delinquency rate in January was 3.28% compared to 4.09% in January 2015.

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